According to Demos, UK businesses invest £3.12 for every £1 of government spending, compared to £5 in 1997. This stark contrast highlights the need for increased public investment to stimulate private sector activity.
Labour's goal is to raise Britain's growth rate to 2.5% long term, amidst Bank of England forecasting just over 1% growth annually, emphasizing the urgent need for economic intervention.
Demos advocates for a revolutionary approach, including clearer economic strategy, policy stability, effective tax reliefs, updated governance, and commitments from businesses for supportive policies to drive growth.
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